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Arsenal’s majority shareholder Stan Kroenke is planning to take out the largest ever loan taken out by a sports team to help pay for his LA stadium project.

The American relocated his NFL franchise the St Louis Rams over 2,000 miles to the west coast – where they are currently playing in the Los Angeles Memorial Colosseum.

But they will eventually be housed in a state of the art new stadium in Inglewood which could cost close to a staggering $ 3 billion – more than $ 1 billion more than any other venue in United States sports history.

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The stadium will be the centrepiece of huge development spanning 298 acres which will also include entertainment, retail and office space.

Stan Kroenke is not popular with Arsenal fans. (Image: Getty)

It will be part financed by the sale of naming rights, personal seat licenses and at least one $ 200-million stadium loan from the NFL under the league’s G4 program.

But according to the LA Times, Kroenke is looking to borrow around $ 1 billion from JP Morgan Chase & Co. to help fund the proposed Inglewood stadium.

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Marc Ganis, president and founder of a Chicago-based sports business consulting firm, said the loan could be one of the largest ever taken out by a team to help finance a stadium project.

Set to open in 2019, the stadium will house the Rams and the Los Angeles Chargers.

It is not yet clear whether Kroenke will seek to finance any of the development by guaranteeing loans against the stake he has in Arsenal.